This module builds the foundational knowledge required to understand the legal, regulatory, governance, and societal environment within which Australian organisations operate. It explores the complex system of laws, regulations, standards and expectations that shape organisational behaviour, decision-making, accountability, and assurance activities.
Learners will examine how legal and regulatory frameworks intersect with ethics, professionalism, sustainability, risk management and the broader community, and how these factors influence the role and responsibilities of Internal Audit.
Upon completion of all microcredentials, students gain a comprehensive understanding of the regulatory, ethical and societal context that underpins effective internal auditing in Australia.